As glasgow becomes the first university in europe to divest from fossil fuels, we take a look at the key moments in the movements history. Find out more about eirs range of open access books here. An introduction to fossil fuel divestment cleantechnica. The global movement for fossil fuel divestment sometimes also called disinvestment is asking institutions to move their money out of oil, coal and gas companies for both moral and financial reasons. Dont just divest, reinvestfrom fossil fuels to a healthy. But that doesnt commit harvard to dropping its fossil fuel investments. City by city, town by town were building a movement to take back power from the fossil fuel industry, and build an energy system that works for all. Growing number of pension funds divest from fossil fuels.
But in europe, according to guardian research, before glasgows decision today. Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is an attempt. Its now a rapidlygrowing global movement that has transformed the narrative around keeping fossil fuels in the ground. Ireland on thursday moved to pull its public funds out of fossil fuels, a development that marks the most significant advance to date for a divestment campaign pushed by. By 2015, fossil fuel divestment was reportedly the fastest growing divestment movement in history. Ireland moves to divest from fossil fuels the new york times. A beginners guide to fossil fuel divestment environment. The fossil fuel divestment movement ffdm is inspired by a powerful history of. Fossil fuel divestment, socially responsible investing, portfolio performance. You may not have heard of the fossil fuel divestment movement yet, but you will soon. An introduction to fossil fuel divestment what is the. Irish parliament passes historic fossil fuel divestment. While the demands of the fossil fuel divestment movement vary, the most. Secretarygeneral ban kimoon about the movement to divest from fossil fuels.
The president, at first seemingly happy to see me, rearranged her face. The divestment movement to combat climate change is all grown. Dont just divest, reinvestfrom fossil fuels to a healthy economy reinvestment could also unite students organizing for other forms of divestment, like prison divestment and divestment. Since mckibbens climate movement launched its fossil fuel divestment campaign in 2012, more than 220 institutions including universities, faith organisations, local authorities, pension funds and foundations have committed to divesting from fossil fuels. The movement has become the fastest growing divestment campaign in history and, in fact, one of. Salem state universitys divestment from fossil fuels. Purchase alexs book the moral case for fossil fuels on amazon. A short history of the fossil fuel divestment campaign. There have been a handful of successful divestment campaigns in recent history.
Re jeff jacobys recent opinion column the shallow symbolism of fossil fuel divestment. Mckibben launched the divestment movement with a july 2012 article in rolling stone, global warmings terrifying new math, which. Last week norways government pension fund global gpfg announced that it would divest certain fossil fuel investments. We believe that ending institutional investment in companies that extract fossil fuels and contribute directly to climate. The fossil fuel divestment movement within universities. Catholic church to make record divestment from fossil fuels. In may, swarthmore college in the us, the birthplace of the fossil fuel divestment movement, made the shock decision not to divest from any fossil fuels, stating that it would focus its environmental efforts on changing consumption habits. The writer, a former college president, is the author of the forthcoming book the 2084 report. Universities divesting from fossil fuels have made history, but the fight isnt over today student campaigners are celebrating the 77th university to divest, but we wont stop fighting for. The financial case for fossil fuel divestment ieefa. Fossil fuel divestment is the groups latest effort. The shameful fossil fuel divestment campaign don watkins and steffen henne.
Ireland adopts 100percent fossil fuel divestment strategy. We believe that ending institutional investment in companies that extract fossil fuels and contribute directly to climate change. An introduction to fossil fuel divestment what is the current status and does it work. Does fiduciary duty prevent fossil fuel divestment. Fiduciaries should know fossil fuel investment returns data are. The idea is not to starve companies of capital but to remove their social licence to operate and make it easier. A short history of the fossil fuel divestment campaign its been less than 5 years since the idea of fossil fuel divestment first took hold. A beginners guide to fossil fuel divestment environment the. Backs fossil fuel divestment, bill mckibben on vanuatu, oxford vote, california water crisis.
Activists said arguments against fossil fuel divestment miss a larger point. The shameful fossil fuel divestment campaign don watkins. Fossil fuel divestment has zero climate impact, says. It is the fastestgrowing divestment campaign in history and could cause significant damage to coal, gas and oil companies, according to a. Universities divesting from fossil fuels have made history. Solutions to the climate crisis, penguin books, 2015, pages 224225 isbn 9780141981048. Ireland made history july 12 when it became the first country in the world to pass a bill committing the country to the divestment of all of its holdings in fossil fuel companies. The global movement for fossil fuel divestment sometimes also called disinvestment is asking institutions to move their money out of oil, coal and.
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